Pensionfund Sabic Increases Position in Booking Holdings Inc. (NASDAQ:BKNG)

Pensionfund Sabic lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 37.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 550 shares of the business services provider’s stock after acquiring an additional 150 shares during the quarter. Pensionfund Sabic’s holdings in Booking were worth $2,733,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. purchased a new stake in Booking in the 3rd quarter worth about $25,000. West Financial Advisors LLC bought a new stake in shares of Booking in the third quarter valued at approximately $29,000. Addison Advisors LLC lifted its stake in shares of Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares in the last quarter. Fairscale Capital LLC purchased a new position in Booking in the 2nd quarter valued at approximately $41,000. Finally, Carmichael Hill & Associates Inc. grew its position in shares of Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 4 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on BKNG shares. Robert W. Baird began coverage on shares of Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price on the stock. BMO Capital Markets raised their price objective on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Piper Sandler increased their target price on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Truist Financial lifted their price target on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, DA Davidson increased their price objective on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average price target of $4,945.96.

Booking Price Performance

Shares of NASDAQ:BKNG traded down $33.31 during mid-day trading on Monday, reaching $4,870.54. 60,007 shares of the company traded hands, compared to its average volume of 115,437. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The firm has a market cap of $161.20 billion, a PE ratio of 33.05, a PEG ratio of 2.11 and a beta of 1.41. The company’s 50 day moving average price is $5,029.52 and its 200-day moving average price is $4,322.82.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were paid a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Friday, December 6th. Booking’s dividend payout ratio (DPR) is 23.75%.

Booking Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.